Baby Boomers – we’re in the news again and causing a great deal of commotion, as usual! Tuesday, May 29th, the Canadian government will release the next set of data from the 2011 census. Business leaders, analysts and policymakers will scour the figures for clues as to how the world will look like in the coming years. It should come as no surprise that we are all getting older. The mirror tells me that on a daily basis.
Without a doubt, we are living during a time of significant change. Experts predict that in Canada, the population 65 and older will soon outnumber those under the age of 15. Governments and businesses are reacting to this demographic shift. The retirement age has been raised and healthcare is bracing for an influx to long-term care. So what does this mean to me? How am I responding to the transition?
Have my preferences changed over the past 5 to 10 years? Absolutely! I have altered my spending and saving patterns considerably. I don’t buy things – I buy experiences. They are far more exciting. I have learned that what I want and what I need are two different things. To know the difference is the key to a successful life. As one of the baby boomers, my primary needs are to keep healthy, to cherish friends and family and to embrace a lifestyle that sustains the environment. It is a commitment that I work on every day. Sometimes it’s easy to keep but there are other times when it’s not so easy. Nothing works out exactly as we expect even when we have all the data in front of us. There are no certainties – and maybe that’s why life is just that much more exciting.
Collecting Experiences – Travelling the Scottish Highlands
3 replies on “Baby Boomers – Making The News Again”
I loved your post, specifically:
“I don’t buy things – I buy experiences. They are far more exciting. I have learned that what I want and what I need are two different things. To know the difference is the key to a successful life”
I wholeheartly agree that my generation can learn a lesson from the boomers. To this day, my father pays for everything in cash. If he doesn’t have the cash, he saves and waits until he does.
My generation has to have the newest gadget and will go into debt to buy it. However, with the rapid change of technology there is no plateau to reach – spend, consume, discard, spend consume, discard…
Spending your time with people that add value to your life (friends, family, neighbors) and spending your money on enhancing experiences with this value-added group makes sense – why does it take us so long to learn?
Thank you, Lloyd, for your comments. One thing about your generation: once you learn it, you live it well! You reminded me of a quote by Maya Angelou, “We spend precious hours fearing the inevitable. It would be wise to use that time adoring our families, cherishing our friends and living our lives.”
Great comment from Lloyd–very wise words.